Friday, April 21, 2017

Another winner!

Cashed out the April 3 trade just now for a profit ...

This one wasn't quite as profitable as some others, but i also didn't hold it as long: only 18 days.

I'm moving toward a 25-day trade time: sell at 46 DTE, buy back around 21 DTE. This avoids some of the risk of the days toward expiration but captures a lot of the collapse in option value starting around day 45.

Chart is now like this:

Trade DateSymbolResultProfit/LossComment
02/06/2017SPY Lost-18%
02/13/2017SPY Lost-16%
02/21/2017SPY Won+15.4%
02/27/2017SPY Won+17%
03/06/2017SPY Won+15.3%
03/13/2017SPY Won+12.9%
03/20/2017TLT Lost-1.4%Dumb!
03/27/2017SPY Won+9.6%
04/03/2017SPY Won+6.6%18 days long
04/10/2017SPY Open
04/17/2017SPY Open

That's up to 67% winners, including the dumb loss a couple of weeks ago. This rate should become 80%+ in the next few weeks ...

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